www.hudclips.org
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WASHINGTON, D. C. 20410
November 18, 1980
OFFICE OF THE ASSISTANT SECRETARY FOR
HOUSING - FEDERAL HOUSING COMMISSIONER IN REPLY REFER TO:
Mortgagee Letter 80-46
TO : ALL HUD APPROVED MORTGAGEES
SUBJECT: Payment of Claims - Mortgages Insured Under Title X
Mortgage insurance benefits for mortgages insured under Title X
of the National Housing Act are currently paid with debentures.
With respect to any claim for insurance benefits filed involving
a Title X mortgage, where the project mortgage was endorsed for
insurance on or after March 1, 1980, HUD will pay such claims in
cash.
Sincerely,
Lawrence B. Simon
Assistant Secretary
_____________________________________________________________________